Sound Group Inc.SOGPEarnings & Financial Report
SoundHound AI, Inc. is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022.
SOGP Q3 2023 Key Financial Metrics
Revenue
$58.3M
Gross Profit
$14.8M
Operating Profit
$-8.2M
Net Profit
$-8.5M
Gross Margin
25.4%
Operating Margin
-14.1%
Net Margin
-14.6%
YoY Growth
N/A
Financial Flow
Sound Group Inc. Q3 2023 Financial Summary
Sound Group Inc. reported revenue of $58.3M for Q3 2023, with a net profit of $-8.5M (-14.6% margin). Cost of goods sold was $43.5M, operating expenses totaled $23.0M.
Key Financial Metrics
| Total Revenue | $58.3M |
|---|---|
| Net Profit | $-8.5M |
| Gross Margin | 25.4% |
| Operating Margin | -14.1% |
| Report Period | Q3 2023 |
Income Statement
| Q4 2022 | Q2 2023 | Q3 2023 | |
|---|---|---|---|
| Revenue | $85.2M | $81.8M | $58.3M |
| YoY Growth | N/A | N/A | N/A |
Balance Sheet
| Q4 2022 | Q2 2023 | Q3 2023 | |
|---|---|---|---|
| Assets | $112.6M | $105.5M | $96.1M |
| Liabilities | $55.6M | $39.8M | $38.4M |
| Equity | $56.9M | $65.7M | $57.7M |
Cash Flow
More Companies
PTC
PTC Inc.
Revenue
$685.8M
Net Profit
$166.5M
SAP
SAP SE
APP
AppLovin Corp
Revenue
$1.4B
Net Profit
$835.5M
VEEV
VEEVA SYSTEMS INC
Revenue
$811.2M
Net Profit
$236.2M
MDB
MongoDB, Inc.
Revenue
$628.3M
Net Profit
$-2.0M
HUBS
HUBSPOT INC
Revenue
$846.7M
Net Profit
$54.4M
OKTA
Okta, Inc.
Revenue
$742.0M
Net Profit
$43.0M
MKSI
MKS INC
Revenue
$988.0M
Net Profit
$74.0M
BSY
BENTLEY SYSTEMS INC
Revenue
$375.5M
Net Profit
$57.4M
STEP
StepStone Group Inc.
Revenue
$586.5M
Net Profit
$-123.5M